Does Car Insurance Cover Theft | Tokio Marine
The question of “does car insurance cover theft?” , especially the comprehensive one, preoccupies the minds of many car owners with its various types, as everyone seeks to ensure the highest levels of safety and insurance on their own property.
What is comprehensive car insurance?
Before asking the main question “does car insurance cover theft” let’s remember what comprehensive car insurance is.
Comprehensive insurance is a type of car insurance, also known as supplemental car insurance which covers certain damages to the car that are not caused by a collision.
Note: Comprehensive or supplemental insurance is not a mandatory type of car insurance, but it is also one of the most popular and expensive types of car insurance.
Does Car Insurance Cover Theft?
Yes, comprehensive insurance includes theft or burglary or attempted theft, according to the agreement in the insurance policy.
What else does comprehensive insurance include other than theft?
After you know that the answer to the question does car insurance cover theft is definitely yes, also know what comprehensive car insurance includes:
- Car rollover or collision as a result of a sudden mechanical failure.
- Car fires or self-ignition.
- Intentional damage or damage caused to the vehicle by a third party.
- Damages can be caused to the vehicle while being transported by sea or land.
Note: The answer “yes” to the question “does car insurance cover theft” is not the only advantage for the car insurance, we can add to the above advantages your personal protection and compensation for many damages that may occur to your car.
Does car insurance cover theft of just some parts of the car?
Partial theft means the theft of only some parts of the car, such as the sound system, spare tire, or outside mirrors.
And there can be no definitive answer if your question is does car insurance cover theft of some parts of the car because this differs depending on the insurance policy.
Does car insurance cover theft and fully compensate for it?
As we mentioned that the definitive answer to the question: Does car insurance cover theft is yes, but we cannot provide you with a definitive answer if the comprehensive insurance includes full compensation for theft or part of it, because this varies according to the agreement in the insurance policy.
learn more about: Comprehensive car insurance
Conditions for compensation for the theft of the insured car
The answer to the question: does car insurance cover theft partial or full in compensation? may differ, but what is undoubtedly certain is the process and conditions to have the compensation, which is that the insured person notifies the insurance company of the theft by writing a report at the police station.
Then the police inform the anti-theft unit, and then the insurance company sends a letter including the insurance details of the stolen cars to the anti-theft unit.
Not only that, but the owner of the insured car notifies the traffic unit to which the stolen car is licensed by sending a copy of the incident report to the traffic unit.
So that the traffic unit seizes the file of the car and helps arrest any person who uses or disposes of the stolen car.
The insurance company is obligated to compensate the owner of the insured car for the theft of the car in a not long period, but the period can be up to three months after the theft of the car in the case the car was never found.
Compensation for partial theft
In the event that your question: does car insurance cover theft of not especially partial theft or not, such as theft of sound system or car tires, and the answer is yes assuming that the contracted insurance policy includes this, here are the conditions that you need to compensate for partial theft:
- Report the police station with stolen items.
- Notifying the insurance company of the police report, a statement from the Public Prosecution Office, and the Auto Theft Control Unit.
- Notifying the insurance company to obtain the appropriate compensation within a period not exceeding 6 months from the theft.
Note: Compensation for theft of some parts equals the market value of the stolen goods at the time of the accident.
In the end, if you still have many questions about comprehensive insurance other than the main question “does car insurance cover theft”, you can contact us at Tokio Marine Insurance Company to answer all yo